200 Plantation Chase
St. Simons Island, GA 31522
Real Estate Planning
Real Estate Planning
Graham | Adams helps individuals with real estate planning by offering expert advice on managing, optimizing and transferring real estate assets in a tax-efficient and financially sound manner.
Assessing
Real Estate Goals
- Buying or selling properties
- Generating rental income
- Planning for property inheritance or gifting
- Minimizing tax burdens on transactions and ownership
Tax Planning for Real Estate Transactions
- Calculating capital gains taxes on sales and identifying ways to minimize them, such as using the primary residence exclusion
- Advising on 1031 exchanges to defer taxes when reinvesting proceeds from property sales
- Explaining depreciation rules for rental properties and how they impact taxable income
Rental Property
Management
- Identifying deductible expenses, such as maintenance, property management fees and mortgage interest
- Advising on the best entity structure (e.g., LLC) to protect assets and optimize tax benefits
- Providing strategies to maximize rental income and minimize tax liabilities
Property Ownership and Entity Structuring
- We help determine the best ownership structure for properties, such as:
- Holding properties personally, in an LLC, or in a trust
- Advising on joint ownership or co-ownership agreements
- Protecting assets through liability planning
Managing Tax Implications of Mortgage Interest
- We ensure clients take full advantage of deductions for mortgage interest and property taxes while staying within tax law limits.
Navigating Changes in
Tax Laws
- New regulations impacting deductions or credits
- Opportunities for energy-efficient property credits or deductions
- Adjustments to estate tax laws affecting property transfers
Charitable Real Estate
Contributions
- Making tax deductions for fair market value
- Setting up charitable trusts or donor-advised funds for real estate contributions
